As the digital asset market continues to evolve, liquidity structure has become one of the most critical foundations of user experience, trading efficiency, and platform stability. In 2024, as market conditions shift and user expectations rise, exchanges are increasingly required to rethink how liquidity is designed, delivered, and sustained.
At BitGW, we view liquidity not as a feature, but as infrastructure. Our work on single-sided AMM did not begin this year — it has been developed, tested, and refined over the past two years, evolving through multiple iterations to address real market behavior and operational feedback. In 2024, this framework has entered a more mature and stable stage, forming a core part of our liquidity architecture.
Why Liquidity Infrastructure Matters
In a transitional market environment, liquidity quality directly shapes user confidence and trading behavior. Insufficient depth, inefficient capital utilization, and high market-making costs can lead to slippage, execution delays, and fragmented trading experiences.
Rather than relying solely on traditional models, we believe modern platforms must design liquidity systems that are:
- Structurally efficient
- Scalable across markets
- Resilient during volatility
- User-centric in experience
This perspective has guided the long-term development of our AMM framework.
Two Years of Iteration: From Concept to Mature Framework
The single-sided AMM framework at BitGW has undergone more than two years of continuous iteration. What began as an internal liquidity optimization concept has gradually evolved into a user-facing system through repeated testing, performance tuning, and structural refinement.
Over this period, our teams have focused on:
- Validating liquidity behavior under different market conditions
- Optimizing capital utilization efficiency
- Improving stability during high-volatility periods
- Refining participation mechanics for better user experience
By mid-2024, the framework has reached a level of technical maturity and operational stability that allows it to serve as a reliable component of our broader liquidity system.
The Challenges: Depth, Capital Efficiency, and Market-Making Cost
Traditional liquidity models often face three structural constraints:
Depth
Maintaining consistent depth across trading pairs, especially for long-tail assets, requires significant capital commitment and operational coordination.
Capital Efficiency
In many models, large amounts of capital remain idle or underutilized, reducing overall efficiency and limiting flexibility.
Market-Making Cost
External market-making arrangements can introduce cost pressures and operational complexity, particularly during periods of volatility or low volume.
These challenges were central to our decision to design a more flexible, internally controlled liquidity framework.
Why Single-Sided AMM
Single-sided AMM allows users to provide liquidity using a single asset, rather than requiring paired assets. This design significantly lowers participation barriers and improves capital efficiency.
At BitGW, this model has been shaped through long-term testing and operational feedback. The framework is designed to:
- Reduce entry complexity for users
- Improve liquidity distribution across markets
- Lower overall market-making dependency
- Support more adaptive liquidity management
Importantly, this is a user-visible product, integrated directly into the trading and swap experience rather than operating as a hidden backend mechanism.
Enhancing Swap Experience Through AMM Design
Swap performance is directly linked to liquidity structure. Over the past two years, one of our core objectives has been to use AMM architecture to improve execution quality and reduce friction in swap flows.
Through continued optimization, the framework now supports:
- More consistent execution outcomes
- Reduced slippage in active markets
- Improved stability during rapid price movement
- Smoother interaction across swap and trading paths
These improvements are the result of long-term refinement, not short-term adjustment.
Product Differentiation Through Infrastructure Design
We believe sustainable product differentiation is built at the infrastructure level.
Rather than adding surface features, our focus has been on designing a liquidity framework that can adapt to different asset profiles, market conditions, and user behaviors. The single-sided AMM model gives us flexibility that traditional liquidity structures cannot easily provide.
This long-term architectural approach supports both scalability and resilience.
2024: A Maturity Phase for the Framework
While development began more than two years ago, 2024 represents a maturity phase for the single-sided AMM framework.
This year, our efforts have focused on:
- System stability optimization
- Risk control integration
- Operational process alignment
- User experience refinement
The objective is to ensure that the framework is not only functional, but reliable, predictable, and sustainable at scale.
A Global, Simple, and Seamless Approach
As liquidity becomes increasingly global, platforms must support users across regions while maintaining consistency and clarity.
At BitGW, our vision is to build infrastructure that is global in reach, simple in participation, and seamless in execution.
This means:
- Enabling users from different markets to access liquidity efficiently
- Reducing complexity in participation and interaction
- Ensuring smooth, reliable performance across all regions
The maturity of our AMM framework plays a central role in supporting this vision.
Looking Ahead
Liquidity is not static. It evolves with market behavior, user demand, and technological capability. Our work over the past two years has been focused on building a system that can evolve alongside it.
As the framework continues to develop, we will introduce enhancements responsibly and in alignment with our broader platform strategy.
Closing Thoughts
Building a reliable liquidity framework is a long-term process. It requires careful design, continuous testing, and disciplined iteration.
After more than two years of development and refinement, BitGW’s single-sided AMM framework has reached a level of maturity that allows it to serve as a stable foundation for future growth.
Progress is not measured by speed, but by stability.
